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Types of inventory

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Types of inventory

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Types of inventory

  1. 1. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Types of Inventory MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam
  2. 2. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Types of Inventory
  3. 3. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Production Process at Home
  4. 4. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam TRADER SELLS BUYS MAKESBUYSMANUFACTURER SELLS
  5. 5. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Types of InventoryInventories are currents assets held for sale in the ordinary course of business in the process of production for such sale in the form of materials and supplies to be consumed in the process of production or rendering of services as maintenance supplies and consumables other than machinery spares
  6. 6. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Exercise At the time of stocktaking conducted on 31st March, there were certain goods costing Rs.1,000 that were lying in stock in the godown. These goods were invoiced for sale for Rs. 1,200 on March 15. What should be included for calculating inventory for the year ended on 31st March? (a) Exclude the goods from calculating Inventory. (b) Include the goods in Inventory at sales price Rs.1,200. (c) Include the goods in Inventory at cost price Rs.1,000. (d) None of the above.
  7. 7. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Exercise At the time of stocktaking conducted on 31st March, there were certain goods costing Rs.1,000 that were lying in stock in the godown. These goods were invoiced for sale for Rs. 1,200 on March 15. What should be included for calculating inventory for the year ended on 31st March? (a) Exclude the goods from calculating Inventory. (b) Include the goods in Inventory at sales price Rs.1,200. (c) Include the goods in Inventory at cost price Rs.1,000. (d) None of the above.
  8. 8. MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam Watch Full Video course & take quiz visit https://www.meraskill.com https://meraskill.com/ca-cpt/cpt-notes https://meraskill.com/ca-cpt/cpt-exam http://www.meraskill.com/cpt-question-paper https://meraskill.com/ca-cpt/cpt-syllabus https://www.meraskill.com/fridayrelease MeraSkill.com Online preparation for CA CPT,CS & CMA Foundation exam

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